360 IOUs Minors cannot borrow money.

The application age range for 360 IOU is from 18 to 55 years old. Users under 18 years old or over 55 years old cannot apply for this product. In addition, even if you are over 18 years old but your occupation is a student, then according to relevant regulations, you are not allowed to grant loans to borrowers with no source of income, so 360 IOU will not lend money to students in school.

Unless the current student has a stable income and can provide relevant proof of income or financial resources, the system will consider the loan as appropriate after review.

360 IOU deferred repayment process:

1. Submit an application

If you are temporarily unable to handle the overdue debt, the user can directly contact the platform’s customer service to negotiate Application for repayment. During the negotiation process, you should clearly explain the reasons for the overdue payment, inform the other party of your repayment arrangements, and actively express your willingness to repay. It is worth mentioning that since deferred repayment is not a routine business, customer service will usually politely refuse the user's request, and the user must firmly express his or her willingness to negotiate repayment.

2. Upload supporting materials

After the user applies for deferred repayment to the customer service, the customer service will generally convey the user's needs to the loan management staff, and the post-loan management staff will then call Return visits and negotiate directly with users. Generally speaking, post-loan managers will consult users in detail about their work and family situations, and require users to upload relevant insolvency certificates, such as income certificates, deposit certificates, medical certificates, etc. Users need to complete the uploading of certification materials within the specified time so that the platform can conduct evaluation.

3. Waiting for platform approval

After the user submits the supporting materials, the platform will verify and approve it. The platform will evaluate the user based on their basic situation and borrowing history and consider whether to agree to defer repayment. If approved, the platform will contact the user promptly to inform them of the approval results. If it fails, the user needs to arrange repayment as soon as possible or call again to negotiate. It should be noted that if you are not satisfied with the plan provided by the platform, you can raise objections in time and renegotiate with the platform.

4. Sign the agreement

After approval, the platform will re-sign a repayment agreement with the user to clarify the specific terms of deferred repayment, such as extension time, monthly repayment amount, etc. . Generally speaking, the forms of signing an agreement include: call recording, text message, electronic agreement, paper agreement, etc. It is recommended to keep relevant agreement certificates to avoid subsequent disputes.

5. Performance and repayment

Once the agreement is signed, the user needs to perform the repayment obligations in accordance with the content of the agreement. It should be noted that if it is overdue again, not only will the agreement be invalidated, but the user may also face certain legal risks. Warm reminder: Negotiation is very difficult, so you must communicate with the platform multiple times to have a greater chance of success. In addition, deferred repayment can only temporarily relieve economic pressure, and users still need to actively raise funds, otherwise deferred repayment will be "in vain."

Legal basis:

"The People's Republic of China and the Civil Code"

Article 679

Of natural persons A loan contract between two parties is established when the lender provides the loan.

Article 680 of the "People's Liberation Army and Civil Code of the People's Republic of China"

Lending at high interest rates is prohibited, and the interest rate for borrowing must not violate relevant state regulations.

If the loan contract does not stipulate the payment of interest, it will be deemed that there is no interest.

If the loan contract does not clearly stipulate the payment of interest, and the parties cannot reach a supplementary agreement, the interest shall be determined according to local or party transaction methods, transaction habits, market interest rates and other factors; if a loan is made between natural persons, it shall be deemed to have no interest. Interest.